Beecher Networks - Web Development, Hosting & Domains
Page 1 of 3 123 LastLast
Results 1 to 20 of 42

Thread: Shamrock Rovers Investment

  1. #1
    Like the Fonz. Only a dog. Mr A's Avatar
    Joined
    Jun 2004
    Location
    In the gutter, but looking at the stars
    Posts
    11,516
    Thanks Thanks Given 
    1,747
    Thanks Thanks Received 
    3,323
    Thanked in
    1,532 Posts

    Shamrock Rovers Investment

    http://www.irishtimes.com/sport/socc...medium=twitter

    “It” is a €1.5 million investment, in the form of an interest free loan, that will be used to dramatically upgrade the football facilities at Cement Roadstone’s Sports and Social Club at Kingswood, a few minutes’ drive from the club’s Tallaght stadium and so provide the basis for a “more sustainable” future.

    With work on a full size artificial pitch and improved grass pitches set to get under way in the coming weeks and a third stand expected to be built in Tallaght next year, the club’s infrastructure is, partly due to the support of Roadstone and South Dublin County Council, on course to be the best in the country, at least until Dundalk get around to spending some of their new found wealth. As Friday’s game only served to highlight, though, the first team is nowhere close to where the club’s fans feel entitled to expect and Wilson, whose many meetings this week included one at what will be the Rovers academy to brief them, insists that that too is high on the agenda for the reformed board.
    Looks positive. Not sure a loan counts as investment though.
    #NeverStopNotGivingUp

  2. #2
    Reserves ForzaHoop's Avatar
    Joined
    Jun 2003
    Location
    Donegal
    Posts
    330
    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    20
    Thanked in
    14 Posts
    Really exciting news for Rovers if monies is invested correctly
    We are the SR the SRFC.......
    Part time Finn Harps too :)

  3. #3
    International Prospect sbgawa's Avatar
    Joined
    Aug 2016
    Location
    Dublin
    Posts
    6,699
    Thanks Thanks Given 
    200
    Thanks Thanks Received 
    901
    Thanked in
    680 Posts
    Was at the meeting last night . Really positive stuff and the pipeline of kids coming through looks strong. Board were pretty straight with every body. Great crowd and the facilities for the academy will be fantastic

  4. #4
    International Prospect sbgawa's Avatar
    Joined
    Aug 2016
    Location
    Dublin
    Posts
    6,699
    Thanks Thanks Given 
    200
    Thanks Thanks Received 
    901
    Thanked in
    680 Posts
    First team will be training there as well when builders finish.

  5. #5
    First Team
    Joined
    Feb 2008
    Posts
    1,258
    Thanks Thanks Given 
    163
    Thanks Thanks Received 
    88
    Thanked in
    64 Posts
    Would it have been a better move by Wilson and Board to have given Stephen Kenny more time a few year back. A more realistic plan than a modern version of the Kilcoyne/Giles project at Milltown.

  6. #6
    International Prospect sbgawa's Avatar
    Joined
    Aug 2016
    Location
    Dublin
    Posts
    6,699
    Thanks Thanks Given 
    200
    Thanks Thanks Received 
    901
    Thanked in
    680 Posts
    Quote Originally Posted by wonder88 View Post
    Would it have been a better move by Wilson and Board to have given Stephen Kenny more time a few year back. A more realistic plan than a modern version of the Kilcoyne/Giles project at Milltown.
    Managers come and go. Kenny will leave dundalk of his own accord or be fired at some point in the future. The structure of the club and the concentration on the academy is more important then the first team in the shot run.

  7. #7
    Seasoned Pro Nah Nah Nah Nah's Avatar
    Joined
    Jul 2008
    Posts
    2,891
    Thanks Thanks Given 
    678
    Thanks Thanks Received 
    678
    Thanked in
    402 Posts
    How long do they have before they have to pay the loan back?

  8. #8
    Coach John83's Avatar
    Joined
    Feb 2003
    Location
    Dublin
    Posts
    8,850
    Thanks Thanks Given 
    2,102
    Thanks Thanks Received 
    1,238
    Thanked in
    772 Posts
    It's nice to see some investment in infrastructure.

    Quote Originally Posted by Nah Nah Nah Nah View Post
    How long do they have before they have to pay the loan back?
    That's a resonable question, though I suspect an interest free loan is probably coming from a benefactor and so on generous terms.

    Will these new facilities provide an income stream for the club? That would be arguably more useful than the footballing infrastructure.
    You can't spell failure without FAI

  9. #9
    Biased against YOUR club pineapple stu's Avatar
    Joined
    Aug 2002
    Location
    In the long grass
    Posts
    39,039
    Thanks Thanks Given 
    2,876
    Thanks Thanks Received 
    5,119
    Thanked in
    3,380 Posts
    Isn't this old news?

    I thought it was announced a few months back.

  10. Thanks From:


  11. #10
    Seasoned Pro El-Pietro's Avatar
    Joined
    Sep 2008
    Location
    Cork
    Posts
    3,632
    Thanks Thanks Given 
    1,325
    Thanks Thanks Received 
    646
    Thanked in
    447 Posts
    We were discussing this and the implications well before the summer.

  12. #11
    Reserves disgruntled's Avatar
    Joined
    Feb 2010
    Posts
    789
    Thanks Thanks Given 
    347
    Thanks Thanks Received 
    114
    Thanked in
    86 Posts
    Quote Originally Posted by El-Pietro View Post
    We were discussing this and the implications well before the summer.
    That's what I thought as well or is this a new effort ?

  13. #12
    First Team
    Joined
    Apr 2008
    Posts
    2,100
    Thanks Thanks Given 
    198
    Thanks Thanks Received 
    276
    Thanked in
    183 Posts
    Quote Originally Posted by John83 View Post


    That's a resonable question, though I suspect an interest free loan is probably coming from a benefactor and so on generous terms.

    .
    Even interest free its still a loan that needs to be paid. When you think that they were spending the European money in the last few years and were still inheriting a debt I believe season after season too. They will now have a Loan, no Euro money from before, inherited debt and crowds are down!?? Could be lean times in Tallaght.
    Manager: Fergal, have you your boots with ya?
    Fergal: Ya, I have them here.
    Manager: Ah good stuff, well give them to this man so, he forgot his!

  14. #13
    First Team Calcio Jack's Avatar
    Joined
    Oct 2006
    Posts
    1,418
    Thanks Thanks Given 
    1
    Thanks Thanks Received 
    154
    Thanked in
    106 Posts
    Quote Originally Posted by redobit View Post
    Even interest free its still a loan that needs to be paid. When you think that they were spending the European money in the last few years and were still inheriting a debt I believe season after season too. They will now have a Loan, no Euro money from before, inherited debt and crowds are down!?? Could be lean times in Tallaght.
    The facts are as follows: €1.5m interest free loan over 10 years. If at the end of the term loan not repaid then Ray Wilson takes 50% ownership of Rovers, or put it another way he's putting up €1.5m on the basis of collateral of 50% of nothing.

    So either he'll ensure Rovers are successful and he'll get his money back or will fail and lose and is left with 50% of nothing.

    This is us a fantastic deal for Rovers and more importantly RW isn't the type of guy that ever fails- he's already got his nominee in as CEO and he also has 5 of his nominees elected to the board of 9.

    So time will tell but this is a very positive move as it guarantees major cash injection and has also radically changed both the make of the board and the day to day running/control of the club

  15. #14
    International Prospect Nesta99's Avatar
    Joined
    Jul 2007
    Posts
    7,694
    Thanks Thanks Given 
    1,392
    Thanks Thanks Received 
    1,289
    Thanked in
    919 Posts
    There is no doubt that the day to day running of Rovers had to change! It on the surface is keeping to the members model but if a guy 'invests €1.5m installs his own CEO and has a majority of the board then the members models is there is but a token gesture to the supporters for Rovers new board and Wilson as their chief. He chooses not to prioritise the repayment of the loan and he in due course get a 50% stake in Shamrock Rovers FC. 50% of nothing is an interesting spin on the terms of repayment. Unless you really believe that Shamrock Rovers is nothing as opposed to owning 50% of a club, the brand, half or assets including cash assets. So say Rovers go on their own European run and take in €6m and if someone has 50% ownership and control of the board and "[COLOR=#333333]RW isn't the type of guy that ever fails" and he decides to take prizemoney to top up his wealth well It could be a shrewd investment for a loan that you will be controlling the paying back of to yourself. Of course Wilson may be an honourable guy and just want Rovers to fulfill potential..one thing is for sure is that it will be very hard to guarantee a 50% block vote to counter Wilson if it was ever needed in the best interests of Shamrock Rovers rather than the Investor.[/COLOR]

  16. #15
    First Team Calcio Jack's Avatar
    Joined
    Oct 2006
    Posts
    1,418
    Thanks Thanks Given 
    1
    Thanks Thanks Received 
    154
    Thanked in
    106 Posts
    Quote Originally Posted by Nesta99 View Post
    There is no doubt that the day to day running of Rovers had to change! It on the surface is keeping to the members model but if a guy 'invests €1.5m installs his own CEO and has a majority of the board then the members models is there is but a token gesture to the supporters for Rovers new board and Wilson as their chief. He chooses not to prioritise the repayment of the loan and he in due course get a 50% stake in Shamrock Rovers FC. 50% of nothing is an interesting spin on the terms of repayment. Unless you really believe that Shamrock Rovers is nothing as opposed to owning 50% of a club, the brand, half or assets including cash assets. So say Rovers go on their own European run and take in €6m and if someone has 50% ownership and control of the board and "[COLOR=#333333]RW isn't the type of guy that ever fails" and he decides to take prizemoney to top up his wealth well It could be a shrewd investment for a loan that you will be controlling the paying back of to yourself. Of course Wilson may be an honourable guy and just want Rovers to fulfill potential..one thing is for sure is that it will be very hard to guarantee a 50% block vote to counter Wilson if it was ever needed in the best interests of Shamrock Rovers rather than the Investor.[/COLOR]
    RayWilson is an honourable guy his bone fides our impeccable and well proven as he's the guy that stumped up €220k of his own money during the examinership and that plus the Members funds enabled the club to survive - that at the time gave him a partial ownership of the club - the money was paid back and his ownership removed.

    If as you suggest we make €6m - then the club and the structure of the deal means he'd get his €1.5m back and full ownership reverts to the members- if after ten years he's still owed the €1.5m then he retains 50%- however that would also mean most likely it would be worthless in terms of asset value- also correction to my earlier post - he has 4 nominees on a 9 person board.

    He may live in Australia but he and his family have been associated with Rovers for over 60 years.

    His father was previously a director and Life President of the club and was the main driver behind the instigation of the 400 Club.

  17. Thanks From:


  18. #16
    Banned. Children Banned. Grandchildren Banned. 3 Months. Charlie Darwin's Avatar
    Joined
    Jan 2010
    Posts
    18,577
    Thanks Thanks Given 
    3,890
    Thanks Thanks Received 
    5,310
    Thanked in
    3,368 Posts
    Quote Originally Posted by Mr A View Post
    Looks positive. Not sure a loan counts as investment though.
    The interest on a €1.5 million loan over ten years would be quite significant so that's an investment of sorts.

  19. #17
    International Prospect sbgawa's Avatar
    Joined
    Aug 2016
    Location
    Dublin
    Posts
    6,699
    Thanks Thanks Given 
    200
    Thanks Thanks Received 
    901
    Thanked in
    680 Posts
    Small correction to above he only has 4 of the 9 board votes that was important to the members so they still control the club.


    Also it makes me laugh when people talk about Rovers blowing the European money we got about a million euros back then net AFAIK,
    The money in the Europa league was a pittance compared to now.
    With the money Dundalk have got at this point they should be winning the league for the next 5 years, time will tell I guess

  20. #18
    International Prospect sbgawa's Avatar
    Joined
    Aug 2016
    Location
    Dublin
    Posts
    6,699
    Thanks Thanks Given 
    200
    Thanks Thanks Received 
    901
    Thanked in
    680 Posts
    Quote Originally Posted by sbgawa View Post
    Small correction to above he only has 4 of the 9 board votes that was important to the members so they still control the club.


    Also it makes me laugh when people talk about Rovers blowing the European money we got about a million euros back then net AFAIK,
    The money in the Europa league was a pittance compared to now.
    With the money Dundalk have got at this point they should be winning the league for the next 5 years, time will tell I guess
    Sorry just spotted your correction above re 4 nominees.

  21. #19
    Like the Fonz. Only a dog. Mr A's Avatar
    Joined
    Jun 2004
    Location
    In the gutter, but looking at the stars
    Posts
    11,516
    Thanks Thanks Given 
    1,747
    Thanks Thanks Received 
    3,323
    Thanked in
    1,532 Posts
    Quote Originally Posted by Charlie Darwin View Post
    The interest on a €1.5 million loan over ten years would be quite significant so that's an investment of sorts.
    Loan is interest free though isn't it? (Sorry, should have been clearer about that in earlier post)
    #NeverStopNotGivingUp

  22. #20
    Reserves fionnsci's Avatar
    Joined
    Sep 2008
    Location
    Baile an Teampaill
    Posts
    651
    Thanks Thanks Given 
    86
    Thanks Thanks Received 
    98
    Thanked in
    44 Posts
    Quote Originally Posted by Mr A View Post
    Loan is interest free though isn't it? (Sorry, should have been clearer about that in earlier post)
    I think he's suggesting that foregoing the interest on a ten-year loan of €1.5m represents an investment in the club. If Rovers were to get a €1.5m loan from a bank then it would cost them in excess of €1.5m.
    "If you don't work harder I'll pull you off at halftime,"
    “Crikey, at Manchester City all we get is an orange and a cup of tea,"

  23. Thanks From:


Page 1 of 3 123 LastLast

Similar Threads

  1. Replies: 149
    Last Post: 31/10/2009, 3:54 AM
  2. Replies: 116
    Last Post: 22/07/2009, 2:00 PM
  3. Investment
    By Himself in forum Premier & First Divisions
    Replies: 3
    Last Post: 31/07/2001, 2:35 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •